Explosive momentum and composure are in sync. $META is at a level worth watching closely. On the 1-hour chart, the price is below both moving averages, so the downward trend is clear. The 15-minute ADX is above 34, showing that sellers are still driving the move. The 4-hour RSI is around 38, which suggests the downward momentum has not yet run its course. My plan is to consider shorting if the price rebounds to the top of the range. I won't chase the lows or try to call the bottom.
You may be wondering: what if the rebound is strong? Then watch the stop-loss level. If the price moves above it, the structure has changed, and it's better to admit the mistake and exit than to stubbornly hold on. Until the key level is reclaimed, the bias remains bearish.
🔴 Trade direction: Short
📍 Entry range: 690.67915 – 691.41416
🛑 Stop loss: 699.14386
🎯 Take profit 1: 684.97375
🎯 Take profit 2: 680.92515
🎯 Take profit 3: 674.85225
There's no need to chase the winds of opportunity; they'll linger on their own.
Stand alongside Sister Li, and let every moment resonate.
#META
Tap below to trade 👇
You may be wondering: what if the rebound is strong? Then watch the stop-loss level. If the price moves above it, the structure has changed, and it's better to admit the mistake and exit than to stubbornly hold on. Until the key level is reclaimed, the bias remains bearish.
🔴 Trade direction: Short
📍 Entry range: 690.67915 – 691.41416
🛑 Stop loss: 699.14386
🎯 Take profit 1: 684.97375
🎯 Take profit 2: 680.92515
🎯 Take profit 3: 674.85225
There's no need to chase the winds of opportunity; they'll linger on their own.
Stand alongside Sister Li, and let every moment resonate.
#META
Tap below to trade 👇